What is an FHA loan?

What is an FHA loan?

What is an FHA loan? A Federal Housing Administration (FHA) loan is a home mortgage that is insured by the government and issued by a bank or other lender. Unlike most conventional loans, the FHA doesn’t require a large down payment. You can put down as little as...
When to refinance your mortgage

When to refinance your mortgage

When to refinance your mortgage. Like many homeowners, your monthly mortgage payment likely makes up the largest expense on your list of financial responsibilities. Although rates are rising, you might still be able to make your payment smaller if you consider an...
What Is a Home Mortgage?

What Is a Home Mortgage?

What Is a Home Mortgage? A home mortgage is a loan given by a bank, mortgage company, or other financial institution for the purchase of a residence—a primary residence, a secondary residence, or an investment residence—in contrast to a piece of...
Buying a Foreclosed House: Top 5 Pitfalls

Buying a Foreclosed House: Top 5 Pitfalls

Buying a Foreclosed House: Top 5 Pitfalls. Understand what the problems are before you buy. Buying a house in foreclosure is often touted as a way for both owner-occupants and investors to get a great deal on a property. However, the potential financial rewards are...